So it's happened and it looks like Cameron is resigning. Will be interesting to see the full long term implications for Ireland?
Brexit
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dcr22B -
June 24, 2016 at 8:33 AM -
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It's not going to be good.
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So it's happened and it looks like Cameron is resigning. Will be interesting to see the full long term implications for Ireland?
Check your rashers and sausages.
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sterling has tanked already, hope they dont drag us down with them.
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Anyone care to outline a Brexit for Dummies to explain how it might effect us ? And yes I'm a dummy in regards to this , have little interest in politics so haven't really been following it .
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very uncertain times ahead though I won't believe all the doom and gloom outlined by our European masters. The wife is a buyer who mostly buys forth UK so she is bricking it.
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No one really knows is the real answer, even the Brexit campaigners hadn't thought about a plan beyond the vote. They were full of bluster in the run-in, not expecting to win, but to gain some political capital by saying I fought for the people. Now they're like a deer in the headlights, have no answers to where this will go.
Boris and Trump leading 2 of the biggest players in the western world, we're truly fkd!
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basically they now have a choice of pay as much as they currently are and comply to all the EU rules, if they want to remain part of the single market - but they'll have no say in the rules anymore OR go it totally alone and face a recession and loss of GDP. Not doomsdays levels but a lot of business and financial institutions will get out of london to be in the EU, so ireland might benefit in the medium term.
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I hope the IDA are flying over right now to poach as many multi nationals as possible. And be cheeky about it.....do it Seanie Johnston style
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Cheers man , I shall read and digest this later !
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In the event they actually exit I'd expect Scotland to poll and achieve independence and the Common Travel Area to be administered on an all island basis. Dublin gets the chance to bring some London multinationals over before Scotland post independence competes with us as the only native EU English speakers. We will have about a 3 year head start though.
Nothing really happened today. The markets will recover but in the long term trade between Ireland and Britain will be affected if there is a depreciation in the pound post actual exit as English markets will not be as eager to buy Irish goods at a higher price. Trade tarrifs will also apply.
The north is in limbo though, it heavily depends upon the European subsidies for the agri food sector and it receives monies from England that English nationalists will want to pull back on. In effect the English don't want it, and we can't afford it due to its lack of a private sector.
The alternative is Brexit 2 but the English might not tolerate that as easy as we would.
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